Information Weekly | Bitcoin Spot ETF Delayed, BTC Long and Short Both Explode

CN
11 months ago

Summary of Important Events (11.11-11.17)

I. Top Events of the Week

  • 1. The US October CPI data recorded 3.2%, lower than expected. On November 14, the US announced the year-on-year non-seasonally adjusted CPI for October, recording 3.2%, lower than the expected 3.3% and down from the previous value of 3.7%.

    The SEC delayed the application for Hashdex's Bitcoin Spot ETF and Grayscale's Ethereum Futures ETF. On November 16, the US Securities and Exchange Commission (SEC) successively delayed the decision on the proposed rule change for Grayscale's Ethereum Futures ETF and Hashdex's Bitcoin Spot ETF application. Surprisingly, the market rose instead of falling! BTC reached the $38,000 mark, with an increase of 4.15%; ETH also rose, gaining nearly 3.5%.

    Read more

II. Cryptocurrencies and Exchanges

  • November 12: Binance-related wallets were hacked, resulting in the theft of 27 million USDT.
  • November 15: OKX launched X1 Layer2, using OKB as the native token.
  • November 11: Poloniex was hit by a hacker attack.
  • November 16: FTX plans to sell $100 million worth of cryptocurrencies weekly to repay debts.
  • November 14: Crypto.com obtained a virtual asset service provider license from the Dubai regulatory authority.
  • November 17: South Korean prosecutors requested an 8-year prison sentence for the former board of directors of Bithumb, who is accused of fraud involving approximately $85 million.
  • November 13: Bitcoin mining difficulty increased by 3.55% to 64.68T, reaching a new historical high.
  • November 16: Tether plans to invest approximately $500 million in Bitcoin mining over the next 6 months.
  • November 15: The supply of USDT, USDC, BUSD, and DAI has shown a significant positive net change over the past 90 days.
  • November 17: Ethereum developers initiated the RIP-7560 native account abstraction proposal, aiming to introduce consensus layer protocol changes.
  • November 16: Paxos plans to launch a new US stablecoin for its Singapore business.

III. Regulatory Updates

  • November 13: The Financial Stability Bureau of the People's Bank of China: The rectification work in the field of virtual currency trading has been basically completed, and speculative trading of domestic virtual currencies will be resolutely curbed.
  • November 13: Hong Kong resumed its investment immigration policy after an 8-year hiatus, with a prohibition on real estate investment.
  • November 16: US congressmen urge the Treasury Department to amend proposed rules for reporting digital asset taxes.
  • November 15: The Russian Ministry of Trade has developed a cryptocurrency mining solution to "circumvent Western sanctions."
  • November 15: A German commercial bank has obtained a cryptocurrency custody license.
  • November 17: German MP Joana Cotar supports making Bitcoin the legal tender of Germany and hopes to initiate a "preliminary review" of the legal framework.
  • November 14: South Korean financial regulators have established a virtual asset listing working group, which will announce listing and delisting guidelines in the first half of next year.
  • November 11: The Supreme Court of India dismissed a petition related to cryptocurrencies, highlighting the legislative nature.

IV. Cryptocurrency Market Updates

  • November 14: South Korea's Democratic Party demanded disclosure of the virtual asset holdings of preliminary candidates for next year's general election.
  • November 15: Global X ETFs submitted a revised prospectus for a Bitcoin ETF.
  • November 15: Phoenix Group, valued at $370 million, will conduct an IPO, becoming the first listed cryptocurrency company in the Middle East.
  • November 15: Over 40 countries issued a joint statement on implementing a framework for reporting crypto assets.
  • November 15: Two central banks jointly announced progress in a financial technology innovation project, with the ERC-3525 application making significant strides.
  • November 16: The US SEC initiated a total of 784 enforcement actions in the 2023 fiscal year, with fine revenues nearing $5 billion.
  • November 16: The US SEC delayed the decision on Grayscale's Ethereum Futures ETF 19b-4 filing.
  • November 16: BlackRock submitted an S-1 application for a spot Ethereum ETF.
  • November 17: WisdomTree submitted a revised prospectus for a Bitcoin Spot ETF.
  • November 17: PantherTrade, a subsidiary of Futu, has applied for a virtual asset trading platform license with the Hong Kong Securities and Futures Commission.

V. Statements from Individuals/Institutions

  • November 11: Ripple CEO: The SEC has ignored its mission to protect investors, and hopes that Congress will enact relevant regulatory laws.
  • November 12: Zhao Changpeng: I believe ETFs are important in the US, but not so much elsewhere.
  • November 13: Tether CEO: Will add another "extremely powerful piece" to the Tether ecosystem.
  • November 13: Michael Saylor: Over the next 12 months, demand for Bitcoin may increase tenfold, while the supply is about to halve.
  • November 14: Vitalik: Plasma is an underestimated design space, and its effectiveness may solve the challenges it faces.
  • November 15: Noted investor Kevin O'Leary: It may take 18 months for a Bitcoin Spot ETF to be approved.
  • November 15: Cathie Wood: Solana has faster transaction speeds and lower costs compared to Ethereum.
  • November 15: IMF Managing Director: Central bank digital currencies can replace cash and provide flexibility.
  • November 16: Arthur Hayes: With increasing USD liquidity, risk assets like Bitcoin will continue to soar.
  • November 17: Chief Investment Officer of Bitwise: The significance of ETFs for BTC is greater than for ETH.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink